April 2020 - Attorney Dragana Djordjevic

Since April 1, 2020, began implementation of the Law on Amendments to the Companies Act (“Off. Herald of RS”, Nos. 91/2019) by which two new legal institutes for limited liability companies were introduced:

reserved own share and
financial instrument – right to acquire a share.

Reserved Own Share

A reserved own share of a company within the meaning of the Companies Act shall be considered a share that the company acquires from a member of the company without consideration, for the purpose of granting a financial instrument – right to acquire a share.

A reserved own share cannot be pledged, nor can a reserved own share be disposed of, except in the manner prescribed by law. Continue reading Reserved own share and financial instrument →

Limo service means a public transport that is performed by a vehicle which is rented with the driver’s assistance. Conditions for performing the activity of limo service in Serbia are determined by the provisions of the Law on Transportation of Passengers in Road Traffic (“Official Herald of RS”, No 68/2015, 41/2018, 44/2018 – other law, 83/2018, 31/2019 i 9/2020).

A company or entrepreneur can perform a limo service if it has a decision of the municipal or city administration, i.e., the management in charge of traffic affairs, which determine that the company or the entrepreneur meets the requirements:

in respect of seat

The company fulfills the requirement for a seat if it has a seat on the territory of the local self-government, which issues the approval. The seat must include business premises where the primary business documents are stored, especially accounting documents, human resource documents, and other documents relevant to performing the activities of taxi transportation. Continue reading Conditions for performing the activity of limo service →